Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Monday, May 10, 2021 · 540,760,775 Articles · 3+ Million Readers

HID Bulbs Market Growth Declines With Stringent Regulations, Causing Companies To Focus On Energy Efficiency

High Intensity Discharge (HID) Bulbs Market Report 2021: COVID-19 Impact And Recovery To 2030

High Intensity Discharge (HID) Bulbs Global Market Report 2021: COVID-19 Impact And Recovery To 2030

The Business Research Company’s High Intensity Discharge (HID) Bulbs Global Market Report 2021: COVID-19 Impact And Recovery To 2030

LONDON, GREATER LONDON, UK, May 4, 2021 /EINPresswire.com/ -- HID bulbs market analysis shows that stringent energy efficiency standards and regulations imposed on the HID lamps is acting as a restraint on the market. The category of HID bulbs like metal halides are subjected to tighter regulatory standards. For instance, the U.S. Department of Energy (DOE) issued new energy efficiency standards for metal halide luminaries and tightened the standards by expanding the coverage from low-wattage (50-149W) to high-wattage (501-1000W) luminaires. These strict regulations are impacting the growth of the HID bulbs market.

The global high intensity discharge (HID) bulbs market size is therefore expected to decline from $6.55 billion in 2020 to $5.66 billion in 2021 at a compound annual growth rate (CAGR) of -13.6%. The decline in high intensity discharge bulbs growth rate is attributed to the strict energy efficiency standards and growing inclination towards cost-effective substitutes. The global HID bulbs market is expected to reach $3.46 billion in 2025 at a CAGR of -12%.

HID bulbs manufacturing companies are now focusing on introducing new technologically advanced products into the market. In addition to design, manufacturers are also focusing on energy-efficiency by investing in in-house R&D and forming strategic partnerships. Manufacturers are focusing on producing HID lamps with limited light pollution compared to LED and metal halide, and improved life.

Read More On The Global High-Intensity Discharge Bulbs Market Report:
https://www.thebusinessresearchcompany.com/report/high-intensity-discharge-hid-bulbs-global-market-report

The market covered in the high intensity discharge (HID) bulbs market report is segmented by product type into metal halide light, high-pressure sodium light, xenon arc light, other; by application into industrial, agriculture, medical, other; by distribution channel into OEM, aftermarket; by mode into online, offline.

Major players in the high intensity discharge (HID) bulbs market are Acuity Brands Lighting Inc., Lithonia Lighting, Bulbrite Industries Inc., Contrac Lighting, Crompton Greaves Ltd., EYE Lighting International of North America Inc., Feit Electric Company, General Electric Company, and Halonix Limited.

High Intensity Discharge (HID) Bulbs Global Market Report 2021: COVID-19 Impact And Recovery To 2030 is one of a series of new reports from The Business Research Company that provides High-Intensity Discharge Bulbs Market overview, forecast High-Intensity Discharge Bulbs Market size and growth for the whole market, High-Intensity Discharge Bulbs Market segments, and geographies, High-Intensity Discharge Bulbs Market trends, High-Intensity Discharge Bulbs Market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request For A Sample Of The Global High-Intensity Discharge Bulbs Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2639&type=smp

Here Is A List Of Similar Reports By The Business Research Company:

Backlight LED Global Market Report 2020-30: COVID-19 Impact and Recovery
https://www.thebusinessresearchcompany.com/report/backlight-led-global-market-report-2020-30-covid-19-impact-and-recovery

Smart LED Bulbs Global Market Report 2021: COVID-19 Growth And Change to 2030
https://www.thebusinessresearchcompany.com/report/smart-led-bulbs-market-global-report-2020-30-covid-19-growth-and-change

Smart Lighting Global Market Report 2021: COVID-19 Implications And Growth To 2030
https://www.thebusinessresearchcompany.com/report/smart-lighting-market-global-report-2020-30-covid-19-growth-and-change

Electric Lighting Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030
https://www.thebusinessresearchcompany.com/report/electric-lighting-equipment-global-market-report-2020-30-covid-19-impact-and-recovery

General Lighting Global Market Report 2021: COVID-19 Impact and Recovery to 2030
https://www.thebusinessresearchcompany.com/report/general-lighting-global-market-report

Automotive Halogen Bulbs Global Market Report 2021: COVID-19 Impact and Recovery to 2030
https://www.thebusinessresearchcompany.com/report/automotive-halogen-bulbs-global-market-report

Interested to know more about The Business Research Company?

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release